Trilegal and AZB & Partners have advised on one of India’s most closely watched entertainment sector deals — BigTree Entertainment Private Limited, which owns and operates BookMyShow, securing an investment from KKR, pursuant to definitive agreements under which funds managed by KKR will acquire a minority stake in BookMyShow. The transaction is subject to regulatory approvals.
Introduction
KKR, a leading global investment firm, and BookMyShow, one of India’s leading entertainment destinations, announced the signing of definitive agreements under which funds managed by KKR will acquire a minority stake in the company. The companies did not disclose the financial details of the deal. Avendus Capital was the exclusive financial adviser to BookMyShow, while Trilegal acted as its legal adviser.
Established in 2007, BookMyShow has evolved from a ticketing platform into a full-stack entertainment company, combining technology, consumer reach and deep industry capabilities across movies, live entertainment and experiences. A key part of this evolution has been BookMyShow Live, the company’s live entertainment experiences division, which operates across the value chain — from talent and IP acquisition to production, promotion, partnerships, and audience development.
Legal Teams Involved
Trilegal — Advised BookMyShow
Trilegal advised BookMyShow on the transaction from the term sheet stage through execution, including drafting and negotiation of the transaction documentation, coordination with BookMyShow’s internal stakeholders and transaction advisors, and advising on the regulatory aspects of the transaction. The firm’s competition law team is also advising BookMyShow in connection with the approval required from the Competition Commission of India (CCI) prior to closing of the transaction.
Corporate / M&A Team:
- Amit Khansaheb — Partner
- Pratyush Singh — Partner
- Shaurya Jain — Senior Associate
- Neha Koppu — Senior Associate
- Riya Thawani — Associate
- Mukund Agarwal — Associate
Competition Law Team:
- Rudresh Singh — Partner
- Divye Sharma — Counsel
AZB & Partners — Advised KKR
AZB & Partners advised KKR on the investment. The transaction team consisted of:
- Roxanne Anderson — Senior Partner
- Yashaswi Rohra — Senior Associate
- Siri Harish — Associate
- Devanshi Patel — Associate
Significance and Impact
The investment by KKR is expected to support BookMyShow’s next phase of growth, including the continued expansion of its live entertainment business and broader entertainment offering across India. The transaction marks KKR’s latest private equity investment in India, where KKR has made investments across a range of industries and sectors.
BookMyShow adds to KKR’s global portfolio of media and entertainment investments, including Internet Brands, ByteDance, Chord Music Partners, Epic Games, PlayOnSports, OverDrive, Superstruct, and Simon & Schuster.
The deal also carries procedural significance from a legal standpoint: Trilegal’s engagement spanned the full transactional lifecycle, from term sheet through execution, while the firm’s competition law team is separately handling CCI merger control clearance — underscoring the multi-disciplinary legal complexity of this investment. For a snapshot of how India’s top firms are faring on deal volume, see the Deal Meter.
BookMyShow’s existing investors include Network18, part of Reliance Industries, Accel Partners, Elevation Capital, Stripes Group, and TPG. KKR’s entry adds a marquee global private equity name to that shareholder base.
The KKR–BookMyShow minority stake investment, announced on 19 August 2026, reflects sustained institutional confidence in India’s live entertainment sector. The deal is expected to close subject to customary regulatory approvals and conditions. Further details of the transaction, including financial terms, were not disclosed by the parties.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
